Aug. 15, 2012 (China Knowledge) - Shanghai Pudong Road Bridge Construction Co<600284> has said it will issue RMB 300 million in short-term bills with a maturity of 365 days on the interbank market on Aug 22.

The company said in a statement that the bills will be issued at face value, and the coupon rate determined in the process of book-building.

Both value and payment due date is set on Aug 24, and the to-be-issued bills tradable Aug 27.

All the proceeds from the issue will be used to repay bank loans, said the issuer.